Celr
Celer Network Breaks The Downtrend | Can Do 55%+ NextCeler Network (CELRBTC) just broke its downtrend and can easily go higher.
On the chart above you can see a clear and strong increase in trading volume and the RSI being strong at 62.40 (We consider anything above 50 to be bullish/strong).
The MACD is trending up with the histogram going green, can easily move higher.
You can find multiple targets on the chart marked with magenta lines.
The blue dashed line is the main support while the red one is the last low.
Feel free to leave a comment and hit LIKE if you have any questions.
Namaste.
Celer Network (CELR)CELRBTC
Celer Network
it is also a project that started trading on the Binance exchange after IEO.
after that we saw a pump and a long-term depreciation. Now we have been in the accumulation zone for several months. They formed a triangle like many other altcoins. But I see interest in this coin - new volumes. And over the next few weeks, we will break through the resistance line of this triangle. And fly higher.
This coin is also on my list of coins that have good growth potential. For speculative investment.
CElR Falling Wedge Entry Points First target + 30-60% Merged 20XDescending wedge. The coin is now in a downtrend. Coin from the maximum price is merged more than 20 times! There were no significant kickbacks. Therefore, + 30-60% when breaking through the line of a local downtrend - these are only the first target for working out the pattern itself - a downward wedge. The potential profit in such a “dead faith” coin is huge! Scam is being traded on Binance. This is a very good sign.
Also on the chart, I showed different entry points depending on the reaction of the price to resistance / support levels:
1) Entry during a breakthrough or rollback after a breakthrough of a downtrend line (wedge resistance).
If you use Stop Loss - under the resistance line , if the price is above it. Also take into account the volatility of the coin, so as not to drop out at the beginning of growth.
2) Entry into the market when support for a downward wedge is confirmed. This is provided if the price now does not overcome the resistance of the wedge and begins to fall.
Stop Loss under the support line . Also consider coin volatility.
CELR/BTC | Wedge Breakout..!!CELR/BTC (Update)
Falling Wedge Breakout & Retest Done in 2d Chart ..
Bullish Divergence As Well But Need Some Strong Buying Volume For Healthy Uptrend..
Expecting 40-50% In Coming Days..(Need Patience )
55 Sats is First Major resistance..!!
Please, give us your opinion in the comments.!!
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CELR/BTC | 40-50% Profit Potential..!!CELR/BTC (Update)
Breaking Falling Wedge in 2D Chart With Bullish Divergence ..
Need Some Volume for Healthy Uptrend..!!
Expecting 40-50% In Coming Days..(Need Patience )
Trade Details..!!
Buy Some Between 45-50 Sats
Sell Targets 60-70-80 Sats
Stop Loss Below 42 Sats
Buy With 5-10% Potfolio..!!
Please, give us your opinion in the comments.!!
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates.
Join Telegram Channe l for more analysis - t.me
The information given is never financial advice. Always do your own research.